Economics, Trade & Investment

Consultation Discusses Climate Change Strategies for the African Development Bank and World Bank [viewed]

4 June 2008: The African Development Bank (AfDB) and the World

Bank jointly organized a fourth regional consultation to discuss their

respective strategies on climate change. The 4 June 2008 consultation in Dakar,

Senegal, was the last in a series aimed at brainstorming and seeking ways to

strengthen collaboration with African institutions and development partners in

order to efficiently implement the strategies. Participants identified three

main challenges – energy security and access, cushioning the adverse effects of

climate change, and climate change risk management and adaptation.

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UNCTAD: Supachai Panitchpakdi Calls for the Phase-out of Agricultural Subsidies [viewed]

3 June 2008: In his address to the High-Level Conference on

World Food Security: the Challenges of Climate Change and Bioenergy, which

convened from 3-5 June 2008, in Rome, Italy, the Secretary-General of the UN

Conference on Trade and Development (UNCTAD), Supachai Panitchpakdi, criticized

subsidized exports from the developed world, noting that many former net

exporters of food in Africa, Asia and Latin America are now net importers as a

result of the market distortions caused by the subsidies.

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Growth Commission Report: Technology is the Key to Coping with Global Warming and Growth [viewed]

Thegrowthreport21 May 2008: The Commission on Growth and Development has released its report entitled “The Growth Report: Strategies for Sustained Growth and Inclusive Development,” in which it analyzes, among other issues, whether deve loping countries can grow as fast as the fastest growing economies without causing global greenhouse gases to spiral out of control.

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IMF Deputy Managing Director: Climate Change Poses Serious Macroeconomic Challenges for Low-Income Countries [viewed]

Takatoshi_kato29 May 2008: Climate change poses “particularly serious macroeconomic, fiscal, and financial challenges for low-income countries,” said Takatoshi Kato, Deputy Managing Director of the International Monetary Fund (IMF) at the Fourth Tokyo International Conference on African Development (TICAD IV), which convened in Yokohama, Japan, from 28-30 May 2008.

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WTO Director-General says International Trade Negotiations Will Benefit from Global Consensus on the Issue of Climate Change [viewed]

Pascallamy29 May 2008: In an address to the European Parliament's Temporary Committee on Climate Change, World Trade Organization (WTO) Director-General Pascal Lamy highlighted and reviewed different approaches regarding the WTO's role in combating climate change.

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World Bank Members Reach Agreement on Climate Investment Funds [viewed]

World_banks_global_consultations23 May 2008: Representatives from 40 donor and developing countries, meeting in Potsdam, Germany, reached an agreement on the creation of two international investment funds that will provide innovative financing for developing countries to pursue cleaner development paths and protect themselves from the impacts of climate change.

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GEF and JBIC Sign Memorandum of Understanding on Climate Change and Biodiversity [viewed]

24 May 2008: The Global Environment Facility (GEF) and the Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding (MOU) to improve aid effectiveness by collaborating on projects addressing climate change and biodiversity loss.

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Fifth European Union (EU) / Latin America and Caribbean (LAC) Summit Addresses Climate Change [viewed]

Logo_cumbre18 May 2008: The Fifth European Union (EU) / Latin America and Caribbean (LAC) Summit took place in Lima, Peru, from 16-17 May 2008. The Summit developed the “Lima Declaration on Addressing our Peoples' Priorities Together,” which addresses, among others, poverty, inequality, inclusion, climate change, environment and energy.

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World Bank: Greenhouse Gas Projects Face Carbon Market Bottlenecks [viewed]

World20bank12 May 2008: “At a time that global cooperation to reduce the risk of climate change is more important than ever before, the prospects for developing countries benefiting from the carbon market are in question,” said World Bank Senior Carbon Market Specialist Karan Capoor, co-author of the “State and Trends of the Carbon Market 2008,” released on 7 May 2008 at the Carbon Expo in Cologne, Germany.

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World Bank Proceeds with Global Consultations on Its Strategic Framework on Climate Change and Development [viewed]

World20bankMay 2008: The website for global consultations on a Strategic Framework on Climate Change and Development for the World Bank Group (WBG) has been updated with translations in Arabic, Chinese, French, Portuguese, Russian and Spanish.

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